unemployment

The BLS employment report shows the official unemployment rate ticked down 0.2 percentage points to 7.7%. While many cheer this report as a sign of recovery, the actual details are fairly ho hum. This article overviews and graphs the statistics from the Current Population Survey of the employment report and the below graph shows how far off we are from 2008. Don't let some fool you into thinking the job crisis is all over, it's not, not by a long shot.

The BLS employment report shows a 7.8% unemployment rate for December. November was revised up from a 7.7% to 7.8% unemployment rate, but due to a change in the BLS annual seasonal adjustment revisions. This article overviews the statistics from the Current Population Survey of the employment report and the words to describe December are little change.

The BLS employment report shows the unemployment rate ticked down by 0.2 percentage points to 7.7%. The reason for the unemployment rate decrease is less people participated in the labor force in November. Superstorm Sandy had little effect on the monthly employment figures.

The mantra for the October state employment statistics is little change from September. Over and over we see dropping unemployment rates yet too little significant growth in actual jobs. Only seven states had unemployment increases, six had no change and 35 plus the District of Columbia showed declines. Below is the BLS map of state's unemployment rates for October 2012.

The September state employment statistics show a drop in unemployment rates yet little significant growth in actual jobs. Only six states had unemployment increases whereas 41 plus the District of Columbia showed declines. Below is a map of state's unemployment rates for September 2012.

The BLS unemployment report shows total nonfarm payroll jobs gained were 114,000 for September 2012 and the unemployment rate dropped to an artificial 7.8%. Some better news was August's payrolls were revised up by 40,000 jobs to 181,000 and July was also revised up by 46,000 jobs to show a gain of 142,000 in nonfarm payrolls. The below graph shows the monthly change in nonfarm payrolls employment.

The August 2012 state unemployment rates climbed in 26 states and 21 states plus the District of Columbia show a decrease in payrolls. Another month and another horrific set of state employment statistics.

The August 2012 BLS unemployment report shows total nonfarm payroll jobs gained were 96,000. Even worse news, the last two months of job gains were revised down. July's gains are now 141,000, revised from 163,000 payroll jobs and June is a now a measly 45,000 jobs, also revised down from 64,000.